Allied Properties Real Estate Investment (TSE:AP.UN) had its price target lifted by CIBC from C$42.00 to C$44.00 in a research report issued on Friday. CIBC’s price objective suggests a potential upside of 6.28% from the company’s current price.

AP.UN has been the subject of several other reports. Royal Bank Of Canada raised their target price on Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Desjardins raised their target price on Allied Properties Real Estate Investment from C$43.00 to C$46.00 in a research report on Friday. National Bank Financial raised their target price on Allied Properties Real Estate Investment from C$42.50 to C$44.25 and gave the stock an “outperform” rating in a research report on Tuesday. BMO Capital Markets reaffirmed a “market perform” rating and set a C$41.00 target price (up from C$40.00) on shares of Allied Properties Real Estate Investment in a research report on Thursday, August 24th. Finally, Scotiabank lifted their price objective on Allied Properties Real Estate Investment from C$41.00 to C$42.50 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Allied Properties Real Estate Investment presently has a consensus rating of “Buy” and a consensus target price of C$42.47.

Shares of Allied Properties Real Estate Investment (TSE:AP.UN) traded down C$0.30 during trading hours on Friday, reaching C$41.40. The company had a trading volume of 222,048 shares, compared to its average volume of 147,186. Allied Properties Real Estate Investment has a twelve month low of C$32.37 and a twelve month high of C$41.88.

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About Allied Properties Real Estate Investment

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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